P.R. Laws tit. 12, § 785n
For purpose of property tax payments to the Municipal Revenue Collections Center, the appraised value of the property encumbered by a conservation easement shall be fully exempt when the conservation easement is granted for the whole property. If the conservation easement only encumbers a portion of the property subject to a conservation easement, the reduction in the appraised value of the aforementioned property shall be equal to the proportion not encumbered.
The owner of the property or land in which a conservation easement has been constituted shall be exempt from taxation for the value of the conservation easement. In the case of donation of eligible lands, the property shall be fully exempt from property taxes.
History —Dec. 27, 2001, No. 183, § 19, renumbered as § 20 on June 4, 2004, No 138, § 3; July 12, 2011, No. 127, § 5; renumbered as § 21 by § 79 and amended by § 80 on Nov. 17, 2015, No. 187, eff. Jan. 1, 2016.